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Retirement tax questions
Thank you. Would the alternative approach you suggested for reporting, which results in the distribution being reported on 1040, line 7a, be preferable over this other approach I've seen recommended on other TurboTax posts which lumps in the distribution into 1040, line 1?
Federal Taxes -> Wages & Income -> Less Common Income -> Foreign Earned Income and Exclusion
The impact to taxable income is the same, but I wonder if one way is more favorable over the another?
March 29, 2020
2:19 PM